You got that right brother

The really sad part is history will remember Obama’s oft repeated lies. That’s why he repeats them. Almost everything else will be anecdotal. Quite the legacy. But no one cares. Kinda makes you think short term, tactical.
How many people even remember the blown up Marine barracks and the dead in Beirut? All those sacrifices. For what? A free press does work, rarely has it been tried. War is highly overrated, unless that war is to throw off despotism. When you accept authority over yourself, you are giving up your freedom. That’s why Brexit is Braveheart. It’s the chance to reach for freedom.
The purpose of the Constitution was to limit the power of the federal government. But today, the federal government is AWOL in that deal and almost 50% of the people are dependent, enslaved to the government. The purpose of the Declaration was to throw off despotism.
The question is: what are we, the American people today, going to do about it?
If you don’t want to spend that next $9 trillion dollars of borrowed money, then you will have to cut back 50% on federal government spending over the next 4 years. Considering a four year term, you must cut the federal budget 12.5 percent per year on average, instead of growing the federal budget every year as we have been doing. The austerity will be painful to some.
But most people fail to understand that if you cut federal taxes by an average of 12.5% per year, then after a four year term, you will have a balanced budget. There will be justice for many.
That’s the first task. In the second term, you start to pay down the debt. All the while your currency will get stronger… so long as you don’t create more money. Creating more money would surely end it all.
So the first question is: where do you cut 12.5% per year?
Second question is: who is going to hire 12.5% of the federal work force each year?
To succeed in saving the nation, the next President and the next Congress will have to make a damn good argument as to why government workers should vote for them even though 50% of them will lose their jobs.
It’s doable. But we will have to find talented Americans who are able to get over themselves and then help put them in jobs that produce products and services that people want and need. Frankly, I don’t know if there are enough un-entitled free people to get the job done.
They are not sitting around my table.  How about yours?
Now, you may ask, how can people buy more products and services and at the same time save more money. The answer is: the only way that can happen is for money to rapidly and strongly gain in value. And the only way that can happen is for interest rates (yields) on government money to rapidly and strongly increase. Leverage must collapse.
The products and services will have to be very good to attract investors to contribute principle with no leverage.  The bankers have to bite the bullet.
That fits well with a 12.5% annual decrease in federal budget. But there is a lot of work to do. What are the frontiers?
If you see another way, then please let me know.

About budbromley

Life sciences executive
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